Question
Ghana is one of the world's top producers of cocoa. Calculate the effective rate of protection when the nominal tariff rate on chocolate bars is
Ghana is one of the world's top producers of cocoa. Calculate the effective rate of protection when the nominal tariff rate on chocolate bars is 40 percent, the ratio of the cost of imported cocoa to chocolate bars (in the absence of a tariff) is 0.5 and the nominal tariff on cocoa powder is 40 percent
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
